Hibiscus Petroleum Bhd 2023 Annual Report with Sustainability Disclosures
Company: Hibiscus Petroleum Bhd
Sector: Mining & quarrying
Country: Malaysia
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 181
The report describes Hibiscus Petroleum's FY2023 sustainability performance across its expanded oil and gas operations. It reports net absolute GHG emissions of 7,249,428 tonnes CO2e, a 15% reduction against the FY2020 baseline, alongside a 50% Scope 1 and 2 reduction target for 2030 and a net-zero producer aspiration for 2050. The Group maintained zero work-related fatalities and zero lost time injuries, while its workforce reached 824 employees. Sustainability governance is led by the Board and Managing Director, supported by a Business Sustainability Management Committee.
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